Austrian energy group OMV expects the Borouge-Borealis merger to have a positive effect of 120 million euros ($140.8 million) ...

(Reuters) -Austrian oil and gas group OMV recorded lower average energy prices in the second quarter of 2025, it said on ...

Austria has a long-established oil and gas industry, mostly run by OMV. Some 1,000 wells range over about 1,500 square miles of mostly flat land an easy drive from Vienna.

Austria's government — which owns 31.5% of OMV — framed the move as defiance against Russian attempts to blackmail the country, a common refrain from European leaders.

Russian gas still reaching Austria despite OMV cut-off, data shows. By Jan Lopatka, Vladimir Soldatkin and Nina Chestney. November 18, 2024 6:00 PM UTC Updated November 18, 2024 ...

Markus Berghofer, Vice President of Digital Excellence at OMV, says the company’s ambition of becoming a digital front-runner in the oil and gas sector is being gradually realized.

OMV AG said Saturday that it is further reviewing its activities in Russia because of the country’s war in Ukraine, which would lead to a 1.5 billion euro to 1.8 billion euro ($1.64 billion-$1. ...

Austria’s top energy official said it’s up to OMV AG executives and shareholders whether to extricate the firm from a long-term Russian natural gas contract, now that it’s sufficiently ...

Austria's OMV said on Tuesday that the country's gas supply situation had improved somewhat, with the reduction in deliveries now at around 40%.

Gas deliveries to Austria are falling again following a rise since Saturday but volumes are still above 30% of contractually agreed amounts, Austrian oil and gas group OMV said on Wednesday.

After nearly two years of negotiations, Abu Dhabi National Oil Company and OMV agreed in March to merge their polyolefin ...